Latest / Simply Bitcoin / Chancellor Sells $7B in Bitcoin! | The Fed Gets BUSTED | Simply Originals

Transcript

Chancellor Sells $7B in Bitcoin! | The Fed Gets BUSTED | Simply Originals · Simply Bitcoin

• 0:00
  Chancellor is on the brink of a Bitcoin bailout.
• 0:03
  That's right, the UK is about to sell 7 billion in seized Bitcoin
• 0:08
  to plug a Fiat fiscal gap. Bold strategy, cotton, I guess.
• 0:12
  If you can't beat poverty, why not join it?
• 0:15
  Have fun staying poor. They didn't get the memo.
• 0:18
  Orange is the new green. That's why Trump's media company
• 0:24
  just dropped $2 billion into Bitcoin.
• 0:28
  And Trump's Treasury Secretary, Terry, he just went on national
• 0:32
  TV and said we need to examine the entire Federal Reserve, not
• 0:36
  their policy, not a few interest rate calls, the institution
• 0:41
  itself. This isn't just another bull
• 0:43
  market. This is the beginning of the end
• 0:46
  for Fiat. Welcome back.
• 0:47
  I'm Rustin. And the bullishness of today's
• 0:50
  show cannot be understated. All right, here we go.
• 0:58
  Let's go ahead and get started with what might be the biggest
• 1:00
  monetary red pill of our lifetimes.
• 1:03
  This monetary red pill leads to the orange pill boom.
• 1:06
  Treasury Secretary Scott Besson just went on CNBC and didn't
• 1:10
  pull punches. He said.
• 1:11
  And I quote what we need to do is examine the entire Federal
• 1:15
  Reserve Institution and whether they have been successful.
• 1:19
  Look, Joe, I, I think that what we need to do is examine the
• 1:26
  entire Federal Reserve Institution and whether they
• 1:29
  have been successful. I, I'm speaking actually, I, I'm
• 1:33
  going to be in the building this evening.
• 1:35
  There is a regulatory conference that begins tomorrow.
• 1:40
  I, I'm the keynote speaker tonight talking about
• 1:42
  regulation. The Fed as well deals with
• 1:48
  monetary policy, regulations, financial stability.
• 1:53
  And I again, I think that we should think has the
• 1:58
  organization succeeded in its mission.
• 2:02
  You know, if this were the FAA and we were having this many
• 2:06
  mistakes, we would go back and look at why, why has this
• 2:11
  happened? I mean, look at the, as you
• 2:14
  said, at the top of the, at the top of this broadcast, there
• 2:19
  were, you know, there was fear mongering over tariffs.
• 2:21
  And thus far we have seen very little, if any inflation.
• 2:27
  We've had great inflation numbers.
• 2:29
  So, you know, I, I think this idea of them not being able to
• 2:33
  break out of a certain mindset, you know, all the, all these
• 2:36
  PhDs over there, I don't know what they do.
• 2:39
  I don't know what they do. This is like universal basic
• 2:42
  income for, you know, academic economist do.
• 2:46
  You know how wild that is? That's not a Bitcoin maxi that
• 2:51
  Soros's former CIO, now serving under Trump, calling the Fed a
• 2:56
  failed bureaucracy handing out universal basic income to
• 3:00
  economists. This isn't just commentary, it's
• 3:03
  narrative warfare. The Trump invested in Combo is
• 3:06
  putting the entire Fed on trial in the court of public opinion.
• 3:10
  Many Americans are unaware that behind the scenes, the technical
• 3:15
  backbone of the financial system is decades out of date.
• 3:19
  Many, many years out of date. You know that Paul and others
• 3:22
  are straightening it out, but payments and money transfers are
• 3:25
  costly and take days or even weeks to clear.
• 3:28
  Under this bill, the entire ancient system will be eligible
• 3:32
  for a 21st century upgrade using the state-of-the-art crypto
• 3:37
  technology. Who would have thought we would
• 3:39
  have been saying that two years after?
• 3:42
  They are laying the groundwork to flip the system.
• 3:45
  And at the center of that flip is Bitcoin.
• 3:48
  We've got confirmation Trump media now holds $2 billion in
• 3:52
  Bitcoin and Bitcoin links securities.
• 3:55
  That's more than half their entire war chest.
• 3:57
  It's like nearly 70%. While Biden was out there trying
• 4:01
  to regulate meme coins, Trump is turning his media empire into a
• 4:06
  Bitcoin treasury. And just days after the buy, the
• 4:09
  orange man reposted the most legendary Bitcoin testimony
• 4:13
  ever. That's not a coincidence.
• 4:16
  That's a signal. What is Bitcoin?
• 4:19
  Bitcoin is the world's first cryptocurrency, and it works
• 4:22
  because of the world's first public blockchain network.
• 4:27
  What does Bitcoin do? It's simple.
• 4:31
  It lets you send and receive value to and from anyone in the
• 4:35
  world using nothing more than a computer and an Internet
• 4:38
  connection. Now why is it revolutionary?
• 4:42
  Because unlike every other tool for sending money over the
• 4:46
  Internet, it works without the need to trust a middleman.
• 4:50
  The lack of any corporation in between means that Bitcoin is
• 4:54
  the world's first public digital payments infrastructure.
• 5:00
  And by public I simply mean available to all and not owned
• 5:04
  by any single entity. This isn't a joke anymore.
• 5:09
  The president is stacking sats like a nation state.
• 5:12
  Meanwhile across the pond, the UK is panicking.
• 5:16
  Chancellor Rachel Reeves is about to sell 61,000 Bitcoin
• 5:20
  worth over 7 billion just to plug a budget hole.
• 5:24
  This isn't profit taking, this is Fiat triage.
• 5:27
  Here's the problem. The government has a 20 billion
• 5:31
  fiscal hole and they think Bitcoin is the Band-Aid.
• 5:34
  This will be your legacy. You'll be the Chancellor who
• 5:37
  sold Bitcoin. You don't sell the hardest money
• 5:41
  on earth unless you're desperate.
• 5:43
  Oh, and would you look who's leading the NASDAQ 100?
• 5:46
  Taking a look right now, the S&P 500 pre market leaders and
• 5:48
  lagers. We're going to start with the
• 5:49
  leaders first. You see strategy right here at
• 5:52
  the top of the list. These are NASDAQ.
• 5:54
  I want to correct myself right at the top of the list as we see
• 5:56
  Bitcoin get very close to 120,000.
• 5:59
  Just trading below that. Tesla reporting its earnings
• 6:01
  later this week. As we mentioned, up about 1 1/2
• 6:03
  percent. Take two Roper and Intel running
• 6:05
  out the best performers. Then the NASDAQ 100 Laggards as
• 6:08
  well. Take a look at some of those
• 6:09
  names. You see Amgen, Biogen 2 pharma
• 6:12
  names up here at the top of the list, perhaps trading lower on
• 6:14
  some trade uncertainty between the EU and the US aplove and
• 6:18
  ASML and Honeywell running out your worst performers in the pre
• 6:20
  market. We're also checking ETFs, the
• 6:22
  track EU. And of course, Giga Chad just
• 6:25
  bought more. I need not remind you how
• 6:27
  bullish he is, but he's not alone.
• 6:30
  According to Bitwise, 46 new companies bought Bitcoin in Q2.
• 6:35
  Public corporations now hold 847,000 BTC and that's 4% of the
• 6:41
  total supply. If it's not clear, Bitcoin is
• 6:44
  becoming collateral, infrastructure, a macro hedge.
• 6:49
  And what is happening isn't go. It goes well beyond a post
• 6:53
  having rally. This is a monetary realignment.
• 6:56
  Tim Draper is calling it. The Fiat world is dying.
• 6:59
  Not in theory, in real time. We're about to bring it home
• 7:03
  today. But before we do, look at our
• 7:04
  likes 3 or 4 times maybe. I pump those numbers up.
• 7:07
  Those are rookie numbers in this racket.
• 7:09
  Don't forget to like, subscribe and give us a PAMP while we take
• 7:12
  a moment to recognize our sponsors, powering this show
• 7:15
  over at The Bitcoin Way. At The Bitcoin Way, they'll walk
• 7:18
  you through all things Bitcoin like it's kindergarten with
• 7:21
  Satoshi. From setting up your first
• 7:22
  wallet to running a node and so much more.
• 7:25
  No tech skills are needed. The Bitcoin Way has got you
• 7:28
  covered. If you want $1,000,000 Bitcoin,
• 7:30
  you have to act like it. Self custody is not optional.
• 7:33
  That is the revolution. Schedule a free 30 minute
• 7:37
  consultation with The Bitcoin Way using that link in the show
• 7:40
  notes. My friends, are you sick of
• 7:42
  being surrounded by Fiat normies?
• 7:44
  Well, our friends over at the Orange Pill app have got you
• 7:47
  covered. Connect with over 16,000 other
• 7:49
  Bitcoiners in real life. Bitcoin is better with friends
• 7:52
  and now you can ZAP them instantly all in one app.
• 7:55
  What are you waiting for? Download the Orange Peel app
• 7:57
  today, go hit a meet up and start stacking friends who stack
• 8:00
  sats today. Big finish time.
• 8:03
  In a world where .01 Bitcoin could buy you freedom, where
• 8:08
  even the president is stacking corn like a madman, where the
• 8:13
  Fed is on defense and Fiat is on life support, one question
• 8:17
  remains. Are you ready?
• 8:19
  Over the last seven years, a dollar has bought, I guess seven
• 8:25
  years ago it bought about 14,000 satoshis, and today it buys
• 8:31
  about 800 satoshis. Each year.
• 8:34
  The dollar, sure, it loses 5 or 10% to inflation, but against
• 8:39
  Bitcoin it's losing about 50%. People are going to start
• 8:43
  recognizing that. They're going to say, wait, wait
• 8:46
  a second, why am I holding these this currency that drops 50% a
• 8:51
  year against Bitcoin when I could be holding Bitcoin?
• 8:54
  And so retailers are going to start seeing that and they're
• 8:58
  going to say, I accept Bitcoin. You know, after the retailers
• 9:01
  start getting more and more people paying Bitcoin, they're
• 9:04
  going to say we only take Bitcoin at that point.
• 9:06
  If retailers only take Bitcoin, then people are going to run to
• 9:10
  the banks and say I need my dollars out because I need to
• 9:14
  buy my food, clothing and shelter in this.
• 9:16
  All my retailers only are taking Bitcoin.
• 9:19
  So I think that's a process that could happen.
• 9:21
  I mean, we're definitely moving in that direction.
• 9:24
  And right now people aren't really spending their Bitcoin
• 9:27
  because they know it's just going up against the dollar.
• 9:30
  But I think retailers should accept it because they're going
• 9:34
  to want it too, and they're not going to want to spend it
• 9:36
  either. So I think it's a, you know, all
• 9:39
  great technologies take a long time to penetrate society, it
• 9:46
  seems, seems very fast, but it's, I mean, what?
• 9:50
  Facebook is now 20 years old or something, Google is maybe 2527
• 9:57
  years old, something like that. So it takes a long time for
• 10:01
  something to permeate society. And the more resistant and
• 10:06
  discussive, I guess a topic is, the bigger it gets.
• 10:12
  I notice in a lot of social environments where I am, they're
• 10:17
  all talking about Bitcoin because it's me.
• 10:19
  But but even if I just drop in on conversations, Bitcoin is
• 10:24
  like one of the top three conversations going on.
• 10:28
  I'd say it's like Trump and then maybe what's happening in the
• 10:33
  world and then Bitcoin. And So what that means is
• 10:37
  they're all still like, you know, it's still somewhat
• 10:42
  controversial, which means that there's still a lot of room to
• 10:46
  run here. The day where everybody says,
• 10:49
  yeah, I've got Bitcoin and I, you know, don't really want
• 10:52
  dollars anymore, That will be the day Bitcoin sort of comes to
• 10:58
  a an equilibrium. I think the dollar is going
• 11:01
  extinct. And just the way the Sony
• 11:04
  Betamax went extinct in the the buggy whip manufacturer went
• 11:09
  extinct and law, they all got replaced by better technology,
• 11:13
  the bow and arrow, you know they don't use them anymore.
• 11:16
  So I think you are just going through another anthropological
• 11:20
  leap forward and so bitcoins going to be a major force there.
• 11:27
  Let's go ladies and gentlemen. Valhalla Beckins and so does
• 11:31
  Mining Disrupt 2025. This is going to be absolutely
• 11:35
  wild. The biggest Bitcoin mining
• 11:37
  conference in Expo in the world is heading to Dallas, TX
• 11:40
  November 11th through the 13th. Dennis Porter, Samson Mal,
• 11:43
  Lawrence Lapard, Luke Dash, Junior Bitcoin Mechanic and
• 11:47
  countless others are ready to send it.
• 11:49
  Mining Disrupt is where deals are made, innovations are
• 11:52
  unveiled, and the future is forged.
• 11:55
  If you're serious about mining, you can't afford to miss this
• 11:58
  one. Be there or be left behind.
• 12:00
  Grab those tickets today and don't forget to come see Simply
• 12:03
  Bitcoin at the news desk and don't forget to use promo code
• 12:06
  Simply Bitcoin for 20% off. They hope you guys enjoyed this
• 12:10
  one. Don't forget to like subscribe
• 12:12
  and give us a pan by sharing the sound money gospel and set those
• 12:15
  notifications for the best in Bitcoin news delivered to you.
• 12:19
  Hey, I love you guys. Catch you next time if you.
• 12:22
  Prefer. To go down with the ship.